The effect of the Philotechnia policy of requiring every high school graduate to become computer literate is that the short-run and long-run shift right.
What do a short-run and long-run shift to the right imply?
A rightward shift of the short-run and long-run curves means that there is increased investment in labor education.
The long-run aggregate supply curve (LRAS) depends on all the factors of production, including:
- Workforce
- Capital stock
- Education levels
- Labour productivity.
Thus, the effect of the Philotechnia policy of requiring every high school graduate to become computer literate is that the short-run and long-run shift right.
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